OP Bulletin: New voting proposals, Mode Yield Accelerator | Apr. 11th
TL;DR - top news of the week
- Introducing the Mode Yield Accelerator
- Alchemy AA features for Zora and Frax
- DAO Design Principles presentation
Improve advanced delegation voting- Intents Budget Proposal #2
- Cycle 22 Submission Roundup is published
Ecosystem News
Mode introduces the Mode Yield Accelerator
Mode Network announced the Mode Yield Accelerator, aimed at growing native projects within the Mode ecosystem, particularly those focused on Yield and DeFi. The accelerator is now open for registrations and runs until June 2024.
The program includes partnerships with Optimism among other projects. Eligible projects should integrate yield into their products or utilize DeFi primitives from partners. Various categories like DeFi, Restaking, SocialFi, and AI are encouraged.
Alchemy <> Zora and Frax
Alchemy offers its Account Abstraction features for Zora and Frax, joining Base and OP Mainnet which are already supported. This includes features like Embedded Accounts, AA infrastructure, Modular Account Contracts, Alchemy Signer, and AA-SDK.
Learn more about Alchemy’s AA product suite and how you can start building on Zora and Frax here.
Governance News
Voting Cycle #21 Voting Period begins today, see Voting reminders.
DAO Design Principles
Lavande presented the 11 DAO Design Principles to the community on Tuesday’s Community Governance Call. This collection of principles together with the DAO Function are both used in the design of the Optimism Collective.
Learn more about DAO design through The Collective DAO Archives, an open source public good that showcases documents, blueprints, tools and principles in design.
Voting Reminders
Improve advanced delegation voting
Action proposed: governor contract upgrade
This proposal by Agora updates the Token House’s governance smart contract after the last governor update which included advanced delegation, allowing token holders to delegate their voting power to multiple delegates without splitting their balance.
The change would upgrade the governor contract, allowing delegates who have received advanced delegation to vote by signing only one transaction and providing a better experience.
If approved, a Citizen’s veto vote will follow from April 18th to April 24th before implementation.
Read the proposal and access Open Zeppelin’s audit | Cast your vote before April 17th
Season 5: Intents Budget Proposal #2
Action proposed: redirect funds towards Mission Requests
The Grants Council proposes using the 1.040.000 OP intended to return to the Gov Fund towards 5 Mission Requests. Additionally, the Grants Council will allocate 1M OP to 3 other missions, this 1M OP amount has already been approved in the Token’s House Budget.
This funding for these mission requests allows for the Grant Council not to decrease the number of finalists in Cycle 22 compared to the previous cycle.
Read the proposal | Cast your vote before April 18th
Grant News
Cycle 22 Submission Roundup is published
Before moving to the Decision Period, the Grant Council posts a Grant Review Roundup.
Last Friday, the Grants Council posted the Cycle 22 Submission Roundup. In this cycle, the Grants Council received 230 submissions. It will now review those applications together with the 54 applications from round 1 that were passed forward to be considered with round 2 finalists.
Grantees for Cycle 22 will be announced on May 8th.
Upcoming Calls
- Grants Council Office Hours [Monday, April 15th]
- ACC Office Hours [Tuesday, April 16th]
You can add Optimism governance calls to your calendar here.
Optimism Collective Resources
- Forum discussions
- Optimism X account
- Optimism Governance X account
- Governance calendar
- OP Hub - home of optimistic resources
Stay Connected, Stay Informed
Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.
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